# Chester Properties Festival Park Limited (06192948)

> Why UK company 06192948 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06192948

- **Status:** Administration ended
- **Administration began:** 2015-02-12
- **Administrators:** Matthew Robert Haw, Matthew Richard Meadley Wild
- **Administrators' firm:** Baker Tilly Restructuring and Recovery
- **Formerly:** Newincco 690 Limited
- **Incorporated:** 2007-03-29
- **Location:** Guildford
- **Industry:** 99999 Dormant Company

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

Due to the directors of the Company resigning prior to our appointment and the Partners not providing a history of the Company, the following information has been gleaned by the Joint Administrators using information from various sources who have dealt closely with the Entities

The Entities collectively own a factory outlet centre situated in Festival Park, Ebbw Vale, Wales (“the Centre”) and have a leasehold interest i Festival Park (“the Parkland”). The local authority, Blaenau Gwent Council, own the freehold interest in the Parkland. -

The Freehold element was acquired by Chester Properties Ebbw Vale 1 Limited and Chester Properties Ebbw Vale 2 Limited, these being two nominee companies while the beneficial interest resided with the Partnership. The Leasehold interest was assigned to Chester Properties Festival Park Limited, again a nominee company with the beneficial interest granted to the Partnership. The legal and beneficial ownership is complicated and 1s spread among the Entities, giving rise to the need for legal advice on this matter. From the Joint Admunustrators’ understanding, The Partnership is the main trading entity with the Companies holding legal interests in the land and property.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06192948/filing-history/MzEyMTc3MjMxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06192948

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.